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Legal and Financial Summary
Financial Overview: Avalon Springs has paid $2.5 million to purchase the land. Another $1.5 million has been spent in research, design, and permitting expenses to bring the project to its fully permitted, ready to build status. The next $5 million dollars raised will pay off all debt and renovate the retreat center so that it is operational to produce revenues.
Avalon Springs is currently seeking to raise at least $15 million dollars to complete the first phase of development, which includes building the retreat center and pools, the first ecovillage homes, and the first educational center buildings. Funds of $35 million could build the entire development right away instead of waiting for revenue to build and fund the entirety of the project over time.
The funding is coming in through four different pathways: 1. Founding Member investors who receive principal with modest return, plus a profit share of the retreat operations company, 2. Ecovillage Seasonal residents who purchase a fractional ownership share in the ecovillage, 3. Resort Members who purchase an "eco-timeshare" yearly visit in the resort guest village, and 4. WeCulture, the resident educational organization that intends to raise philanthropic funds to build educational facilities on the Avalon Springs property under a long-term lease agreement.
The following table gives an overview of the legal structure, as well as the three funding pathways.
Legal Structure of Avalon Springs:
Overall: The entire project is currently held as a limited partnership (Avalon Springs LP), and directed by a general partner which is an LLC (Avalon Springs LLC) made up of the Core Council founding members.
Retreat Center/Resort
The hot springs resort will be managed upon opening by the Avalon Operating Company (AOC) on behalf of Avalon Springs LP. Those who are invested in Avalon Springs as Founding Members hold an ongoing profit share in AOC.
Seasonal Ecovillage
The Limited Partnership (Avalon Springs LP) holds title to all land. Small interestes will be sold as fractional ownership to the seasonal residents of the ecovillage. The land as a whole will remain protected from change in ownership by the creation and guardianship of a land trust, created at the time all investors are paid off, when the land will no longer be needed to secure investments.
WeCulture
A community benefit organization, anchored at Avalon Springs, was established under its previous name, New Age Opportunities, in 1985. It provides services and intends to fund and build the planned special events site and educational facilities which it will steward and operate. |
Four Ways to Invest in Avalon:
Founding Member
Create a legacy that benefits you, your family, and the world
Modest Return with Secured Profit-Earning Co-Ownership in the eco-resort operations.
Eco-Resort Membership Plan
Enjoy a yearly stay in the hot springs resort community.
Membership can be transferred or sold later, providing a potentially profitable investment opportunity.
Seasonal Ecovillage Resident (available in 2010)
Come Home to your intentional community each season
Home Co-ownership in the Seasonal Ecovillage
WeCulture Sponsor
Share your resources in support of the new emerging culture with a tax-deductible donation.
Educating, Inspiring & Empowering Conversations that Matter
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Want to put your money into something that matters? Contact us at invest@avalonsprings.org to discuss the possibilities.
THIS OFFERING PROFILE IS NOT AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY. IT IS ONLY A BRIEF SUMMARY WHICH IS SUBJECT TO CHANGE
AND SHOULD NOT BE CONSIDERED AS PROVIDING SUFFICIENT INFORMATION TO EVALUATE
THE INVESTMENT. AN OFFER CAN BE MADE ONLY BY OUR PRIVATE FINANCIAL MEMORANDUM
DESCRIBING THE INVESTMENT IN GREATER DETAIL AND SUPERCEDING THE INFORMATION
HEREIN. OUR PRIVATE FINANCIAL MEMORANDUM WILL BE FORWARDED ON REQUEST TO INVESTORS
WHO, IN THE OPINION OF THE PLACEMENT AGENT, ARE QUALIFIED UNDER APPLICABLE
SECURITIES LAWS. THIS ADVERTISEMENT IS NOT AN OFFERING. THE INVESTMENT UNITS
MAY NOT BE SOLD, AND OFFERS TO BUY MAY NOT BE ACCEPTED, UNTIL A PRIVATE FINANCIAL
MEMORANDUM HAS BEEN DELIVERED TO THE INVESTOR.
Investor Inquiries :
Please send email to: Invest@AvalonSprings.org
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